Anton Siluanov: " Russia to lose 40 milliard USD in a year"

24 November, 2014 13:40

Baku. 24 November. REPORT.AZ/ Russia is set to lose around USD 40 billion per year due to Western sanctions, and 90-100 milliard per year due to oil prices. Report informs, says the minister of finance of Russia Anton Siluanov.

According to his words, oil prices fell by 30 percent as of beginning of the year and lose value as well by same percent accordingly.

The minister stressed that, Russian economy could experience “catastrophic consequences” from sanctions, the falling oil price and the plunging ruble.

A.Siluanov said that, falling of oil prices affects the economy more than limits, which applied due to sanctions.

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